10-23-1990 Special Council Agenda

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EXTRACT OF MINUTES OF CITY COUNCIL OF CITY OF LITTLE CANADA RAMSEY COUNTY, MINNESOTA OCTOBER 23, 1990 Pursuant to due call and notice thereof, the City Council of the City of Little Canada met in special session at the City Center on Tuesday, the 23rd day of October, 1990 at 7:30 P.M. The following members were present: Fahey, Blesener, Collova, LaVaile, Scalze. The following members were absent: None. Councilmember introduced the following resolution and moved its adoption: RESOLUTION NO. 90 -10- A RESOLUTION APPROVING AND ADOPTING THE ASSESSMENT ROLL FOR IMPROVEMENT NO. 90 -7, COUNTY ROAD D FROM LABORE ROAD TO 0.35 MILES EAST BY SHOULDER PAVING COUNTY NO. INTEREST RATE - 8 1/4 PERCENT INSTALLMENT - FIVE YEARS WHEREAS, Pursuant to proper notice duly given as required by Law, the Council has met and heard and passed upon all objections and amendments to the proposed assessment for the improvement of County Road D from LaBore Road to 0.35 miles east by shoulder paving. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LITTLE CANADA, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of five years, the first of the installments to be payable on or before the first Monday in January, 1991 and shall bear interest at the rate of 8 1/4 percent per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 1990. To each subsequent installment when due shall be added interest for one year on all unpaid installments. Page 20